WhiteBIT vs Coinbase: Fees, Coins, Safety Comparison
| Feature | WhiteBIT | Coinbase |
|---|---|---|
Overall |
3.8 |
4.6 |
3.7 |
4.8 |
|
3.5 |
3.5 |
|
4.3 |
4.4 |
|
Investment Instruments |
3.9 |
3.7 |
Platforms and Charting Tools |
3.6 |
3.6 |
Deposit and Withdrawal |
4 |
4.0 |
Research |
3.9 |
4.5 |
Education |
3.7 |
4.8 |
Support |
3.5 |
4.8 |
Bonuses |
3.8 |
4.6 |
|
Your capital is at risk.
|
Your capital is at risk.
|
WhiteBIT vs Coinbase: Pros and Cons
The WhiteBIT exchange is a universal platform for trading and exchanging cryptocurrencies. In addition to basic (simplified) trading, there are spot and margin trading. Bitcoin, Litecoin, Ethereum, Ripple, DASH, and dozens of other altcoins are traded on the exchange. Fiats are represented by the USD and the EUR. For margin trading, 1:20 leverage is provided. In addition to active trading, there is the possibility of investing in a blockchain project with interest payments (from staking). The exchange has a standard referral program, and trading commissions are fixed. There is a TradingView web terminal and a mobile trading application.
Coinbase is a popular cryptocurrency exchange, especially sought-after among novice traders. It allows you to trade all cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, BitcoinCash, and others. You will find a web version and an application for a smartphone based on iOS or Android. The crypto exchange provides services to users from 100 countries with more than 43 million active traders registered on the exchange. The total assets on the platform are equivalent to over USD 90 billion. The exchange brings to the table one-of-a-kind training programs that allow you to earn money during the learning process by improving your expertise in the crypto market. Learn what Coinbase is and how the exchange works.
| WhiteBIT | Coinbase | |
|---|---|---|
| Overall Pros | Bitcoin, dozens of altcoins and tokens, four fiat currencies, including the USD and the EUR; | 2 FA authentication |
| large trading volumes, high liquidity, multilevel security system; | Low minimum deposit | |
| basic trading for beginners, spot and margin, P2P exchanger, and free multicurrency account; | Passive income with staking | |
| most options for depositing/withdrawing funds such as e-wallets, bank cards, and transfers; | You can earn up to $32 in crypto while learning crypto | |
| a simple and profitable system for investing in blockchain projects of crypto exchange affiliates; | Solid regulation | |
| the commission does not change - 0.1% of the trade amount, and no additional fees or charges; | Strong liquidity | |
| FAQs on the basics of crypto trading, a demo token for education and training. | ||
| Overall Cons | communication with the exchange only through the website and email, there is no call center or alternative methods of prompt communication; | Max leverage is 1:1 |
| there is no advanced training, except for staking; and there are no alternative investment options. | High trading and non-trading fees | |
| Indicators not available | ||
| Derivatives, NFT, ETF not available |
WhiteBIT vs Coinbase: Safety and Regulation
| Regulated By: | WhiteBIT | Coinbase |
|---|---|---|
Government-regulated |
Yes |
Yes |
U.S Regulated |
No |
Yes |
FCA U.K Regulated |
No |
No |
Germany Regulated |
No |
No |
AMF in France Regulated |
No |
No |
Spain Regulated |
Yes |
No |
DFSA in UAE |
No |
No |
Singapore Regulated |
No |
No |
Australia Regulated |
No |
No |
Seychelles Regulated |
No |
No |
Other countries |
Lithuania, Poland, Czech Republic, Bulgaria |
WhiteBIT vs Coinbase: Trading Conditions
| Trading Conditions | WhiteBIT | Coinbase |
|---|---|---|
Minimum deposit, USD or USDT |
10 |
10 |
Futures leverage |
100 |
10 |
Spot leverage |
10 |
3 |
Supported Coins |
276 |
249 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
1 |
Perpetual contracts |
0 |
1 |
WhiteBIT vs Coinbase: Fees
| Fee | WhiteBIT | Coinbase |
|---|---|---|
Spot Taker fee |
0,1 |
0,5 |
Spot Maker fee |
0,1 |
0,5 |
Futures Taker fee |
0,05 |
0,02 |
Futures Maker fee |
0,02 |
0,04 |
Deposit fee |
No |
No |
Withdrawal fee |
0,0004 BTC 0,00367 ETH |
Fixed fee - 25 USD PayPal - 1,5% USDC - 10 USD |
P2P taker fee |
No |
0.05 - 0.60 |
P2P fee rate, maker fee |
No |
0 - 0.40 |
WhiteBIT vs Coinbase: Trading Assets
| Asset Name | WhiteBIT | Coinbase |
|---|---|---|
Coins Supported |
276 |
249 |
P2P |
Yes |
Yes |
Perpetual contracts |
No |
Yes |
NFT |
Yes |
Yes |
Crypto Options |
No |
No |
Futures |
Yes |
Yes |
WhiteBIT or Coinbase: Investment Programs
| Asset Name | WhiteBIT | Coinbase |
|---|---|---|
Staking |
Yes |
Yes |
Copy trading |
Yes |
No |
Yield farming |
Yes |
Yes |
Affiliate program |
Yes |
Yes |
Trading Platforms: Coinbase or WhiteBIT
| WhiteBIT | Coinbase | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Your capital is at risk.
|
Trading Platforms Features: Coinbase or WhiteBIT
| WhiteBIT | Coinbase | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
no |
Yes |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Coinbase or WhiteBIT
| WhiteBIT | Coinbase | |
|---|---|---|
Indicators |
Yes |
No |
Drawing tools |
Yes |
No |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
No |
Yes |
Mobile trading: Coinbase or WhiteBIT
| WhiteBIT | Coinbase | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Coinbase or WhiteBIT
| WhiteBIT | Coinbase | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
Yes |
Yes |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
WhiteBIT vs Coinbase: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | WhiteBIT | Coinbase |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
Yes |
Yes |
WhiteBIT vs Coinbase: Research
| Research Type | WhiteBIT | Coinbase |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
Yes |
WhiteBIT vs Coinbase: Education
| Education Type | WhiteBIT | Coinbase |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
No |
Coinbase vs WhiteBIT: Support
| Support Features | WhiteBIT | Coinbase |
|---|---|---|
Working Days |
44766 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
No |
No |
WhiteBIT vs Coinbase: Crypto Bonuses and Promo
| Promo | WhiteBIT | Coinbase |
|---|---|---|
Crypto Bonus |
No |
You can earn crypto learning crypto |
Affiliate Program |
Get 40% of every trading fee paid by the users who sign up via your referral link |
You get $10 when your invitee completes a buy or sell of $100 USD. |
|
Your capital is at risk.
|
Your capital is at risk.
|
Top 5 Reviews on Coinbase
-
Comment
I recommend the cold wallet Wallet Coinbase – this way you can reduce the risk of your account being blocked (which can happen for any reason, including the investigation of the coins' origin). The wallet is very convenient. It supports most of the top cryptocurrencies, all Ethereum-compatible networks, allows you to work with DeFi liquidity pools and DEX exchanges, and to create, manage, and configure NFTs. Deposits and withdrawals are done in just a few clicks.
-
Comment
I’m a freelancer and get paid in cryptocurrency. And I want to highlight the convenience of working with Coinbase in this regard. The exchange issues its own Visa card, which I use to pay in many stores, both with cash and cryptocurrency. The fee is from the payment system. And another plus: selling cryptocurrency can be considered income, for which I would have to pay taxes. However, if I pay with the Visa/Coinbase card using USD or USDC (the exchange's stablecoin), no tax obligation arises.
-
Comment
Maybe my review will seem ordinary. But this is just my experience. After missing out on several successful listings like NOT and Dogs, I caught FOMO and wanted to take a risk with literally a couple of hundred dollars. I was choosing between several exchanges. In the end, I logged into Binance, Coinbase, MEX, and Bybit. In terms of account management comfort, I liked Coinbase the most. It’s an intuitive platform with a minimum of necessary tools. In terms of functionality and trust – Bybit, because it faces less regulatory pressure. As a result, I transferred 80% of my cryptocurrency to my Coinbase wallet and increased the deposit.
-
Comment
Nowadays, you can compare all other exchanges to Binance and Bybit. In my opinion, they are too "fancy," overloaded with different features, confusing products, and tools that take hours to figure out, and then one careless click – and you're at a loss. Maybe some people find it interesting to dig into all this, but I prefer the simpler and more reliable Coinbase. The liquidity level for trading top coins here is on par with Binance. There’s no P2P, but there are many withdrawal payment methods. There are basic tools: coins with potential growth (new ones) for staking, passive earnings with USDC, etc. In my opinion, Coinbase is the golden mean between useful functionality and reliability.
-
Comment
The platform's fees are notably high compared to other exchanges, eating into profits and making trading less attractive. Additionally, Coinbase's customer support can be slow and unresponsive. Overall, while Coinbase may be popular, its high fees, sluggish customer support, and limited coin offerings make it less than ideal for many traders.
Top 5 Reviews on WhiteBIT
-
Comment
I use WhiteBIT as a backup platform for operations with altcoins and fiat. Liquidity is decent, and the 0.1% fee comes with no hidden charges. Security deserves special mention: 98% of funds are stored in cold wallets, there’s WAF protection, and the reserve fund is located in the US. Registration and verification didn’t take much time. The main drawback is limited educational content and only one type of investment option, but overall the platform is reliable.
-
Comment
I came across WhiteBIT by chance while looking for a platform offering margin trading. What caught my attention was the 1:100 leverage and the availability of both spot and margin operations. I also appreciated the multi-currency account. With a minimum deposit of just 0.0005 BTC, the exchange is quite accessible. Of course, I’d like to see more investment options beyond just crypto deposits, but for trading purposes, the conditions are solid.
-
Comment
WhiteBIT left a mixed impression. On the one hand, the wide selection of assets — including 10 fiat currencies and dozens of altcoins — is convenient. I appreciated the simplicity of deposits and withdrawals: e-wallets and bank cards are supported, and the fee is fixed at 0.1%. On the other hand, there’s no advanced educational content, only basic materials. For experienced users, that might not be enough. Still, the platform is stable, and the trading conditions are fair overall.
-
Comment
One of the upsides of Whitebit’s support is that, unlike many top exchanges, you can actually get through to a real specialist instead of being stuck with irrelevant chatbot answers. However, non-English-speaking traders might run into some issues. If you need a quick resolution, it’s best to go with English for communication. If you're not strong in English, be prepared to wait—sometimes for quite a while, even up to half a day. Plus, when a specialist does become available, you have to be in the chat. If you miss them, there are no follow-up messages in the app. I missed my specialist once and only realized the next day that they had responded to me the same day.
-
Comment
The Whitebit trading app is pretty well thought out, though it’s not perfect. A big plus is having seven different chart types to choose from. For technical analysis, you’ve got about 20 indicators at your disposal. But there’s a catch—you can only display two at a time on the chart. So, if you’ve got volume on, you can only add one more, like MACD. Another thing I find lacking is a monthly timeframe option for the charts. On the bright side, there's a handy feature that lets you select your preferred margin or leverage level for futures with just two clicks. It’s a great way to manage your risks. But I really miss having more timeframe options for the charts. For instance, I like using H2 and 1M for specific purposes, but they’re just not available in the app.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.